Entrepreneurship Traits Quiz
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Questions and Answers

What is one way business opportunities may arise for entrepreneurs?

  • Lack of commitment
  • Inexperience in the industry
  • Changes in the environment (correct)
  • Negative customer feedback

Which of the following traits is directly related to interest according to the text?

  • Persistence
  • Seeking customer satisfaction
  • Taking repeated actions to overcome obstacles
  • Lack of commitment (correct)

In entrepreneurship, what does persistent behavior lead to?

  • Career fulfillment (correct)
  • Lack of commitment
  • Competitive risk
  • Technology risk

Which of the following statements characterizes a highly committed entrepreneur?

<p>Accepts full responsibility for what has been promised to customers (B)</p> Signup and view all the answers

What is the foundation of commitment according to the text?

<p>Persistent behavior (B)</p> Signup and view all the answers

How do changes in technology contribute to new business opportunities?

<p>They advance business opportunities through innovation (C)</p> Signup and view all the answers

What type of risk are entrepreneurs taking on when they launch a business?

<p>Competitive risk (B)</p> Signup and view all the answers

What type of risk do entrepreneurs face related to new technologies when launching a business?

<p>Technological risk (B)</p> Signup and view all the answers

Which aspect of entrepreneurship can provide a sense of purpose according to the text?

<p>Career Fulfillment (C)</p> Signup and view all the answers

How can entrepreneurs eventually achieve a better work-life balance according to the text?

<p>As the business grows, entrepreneurs gain more control over their time (A)</p> Signup and view all the answers

What is one potential risk related to money that entrepreneurs may face in the technological aspect of business?

<p>Having to invest heavily in technology (A)</p> Signup and view all the answers

What risk do entrepreneurs take on when launching a business that involves the chance of not gaining market share?

<p>Competitive risk (D)</p> Signup and view all the answers

What character trait distinguishes an entrepreneur from the owner of an ordinary small business?

<p>Risk-taking (B)</p> Signup and view all the answers

Which cluster of entrepreneurial characteristics includes traits related to the desire to be an achiever in entrepreneurship?

<p>Achievement Cluster (B)</p> Signup and view all the answers

What is one of the character traits associated with the Achievement Cluster in entrepreneurship?

<p>Opportunity-seeking (B)</p> Signup and view all the answers

Which of the following traits is NOT part of the Achievement Cluster for entrepreneurs?

<p>Risk-aversion (B)</p> Signup and view all the answers

In entrepreneurship, what distinguishes an opportunity-seeker entrepreneur?

<p>Risk-taking behavior (A)</p> Signup and view all the answers

Which of the following is a key aspect of an entrepreneurial character trait in terms of work-life balance?

<p>Balancing work and personal life effectively (C)</p> Signup and view all the answers

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